The only exception is World War II, with an estimated cost of $4.1 trillion in 2011 dollars., Jeff Bezos is the worlds richest man according to Forbes magazine, which estimated his net worth to be $182.2billion as of March 15, 2021. The combined wealth of the top 10 on the Forbes list, including other well-known names such as Bill Gates and Warren Buffett, is estimated at $1.19 trillion, which is below Apple's market value. China, the USA and Poland are the top three countries in the production of apple . (Rendering: Studio8 Architects and WP Visions). Russias War On Ukraine: Daily News And Information From Ukraine, Sen. Feinstein Hospitalized With ShinglesStraining Democrats Narrow Majority, Football Head Injuries Could Impair Thinking And Memory For Decades, Research On Retired NFL Players Finds. The colleague replied that Mr. Guo probably should be on the list, given that he had been spreading unverifiable defamatory stories about Chinese officials. "Apple becomes first U.S. company to reach a $2 trillion market cap. "Federal Debt: Total Public Debt.". A Times analysis found that tens of thousands of apps have disappeared from Apples Chinese App Store over the past several years, more than previously known, including foreign news outlets, gay dating services and encrypted messaging apps. Apple employs a strong workforce of 22,000 in the European region. The cybersecurity law went into effect in June 2017. We have never compromised the security of our users or their data in China or anywhere we operate, the company said. Gross domestic product is the monetary value of all finished goods and services made within a country during a specific period. Since 2017, roughly 55,000 active apps have disappeared from Apples App Store in China, according to a Times analysis of data compiled by Sensor Tower, an app data firm. Apple is one of the biggest job creators in the US. Of these, 216, or 97.3%, generate less than $2.08 trillion in annual GDP.. Keith Bradsher contributed reporting from Guiyang. Apple broke two records by becoming the first company to record both a $1 trillion and $2 trillion market cap. Related by Industry: Semiconductors, Electronics, Electrical Engineering, Technology Hardware & Equipment, Located in San Jose-Sunnyvale-Santa Clara, CA Metropolitan Area. Mr. Cook declined an interview for this article. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Apple generated $41.1 billion revenue from this segment in 2022. The success of the iPhone enabled Apple to launch new product categories, such as the iPad. To foster innovation and growth in the sector, Apple launched its $5 billion Advanced Manufacturing Fund in 2017. In public appearances, he has said that while he often disagrees with Chinas laws, the world is better off with Apple in China. Gross Domestic Product (GDP): Formula and How to Use It, Billionaire: Definition, Examples, vs. Millionaire, U.S. Debt Ceiling: Definition, History, Pros, Cons, Clashes. Which Company Is Richer, Microsoft or Apple? Since then, Apple has struggled to entice new customers and iPad owners typically hold onto their device for more than three years. Use Forbes logos and quotes in your marketing. The company said in a statement that it followed the laws in China and did everything it could to keep the data of customers safe. By signing up you agree to our privacy policy. Learn more about how Statista can support your business. The exact nature of the apps in the 2018 case was unclear, though court documents said they discussed Chinese Communist Party corruption. It has created more than 2 million jobs to date and intends to add 20,000 more over the next five years. Apple now assembles nearly all of its products and earns a fifth of its revenue in the China region. Internal Apple documents reviewed by The New York Times, interviews with 17 current and former Apple employees and four security experts, and new filings made in a court case in the United States last week provide rare insight into the compromises Mr. Cook has made to do business in China. The country upon which Apple relies for its major hardware production is in a trade conflict with its home country. Its net worth as of 2020 was an impressive $65 billion. Apple continues to break records with its performance, shattering the market cap ceiling in 2018 at $1 trillion and again in 2020, doubling to $2 trillion. The Statista "Chart of the Day", made available We also reference original research from other reputable publishers where appropriate. While some analysts predicted failure for the new store, they enjoyed a lucrative opening weekend, taking in $599,000. already surveil their citizens in myriad other ways, what Mr. Cook suggested in a 2018 interview. Quarterly smartphone market share worldwide by vendor 2009-2022, Market share of mobile operating systems worldwide 2009-2022. U.S. law has long prohibited American companies from turning over data to Chinese law enforcement. Please do not hesitate to contact me. Mr. Guthrie concluded that no other country could offer the scale, skills, infrastructure and government assistance that Apple required. Investopedia does not include all offers available in the marketplace. Twenty years later, Apple now has 510 stores across 25 countries and territories. Two decades ago, as Apples operations chief, Mr. Cook spearheaded the companys entrance into China, a move that helped make Apple the most valuable company in the world and made him the heir apparent to Steve Jobs. (October 27, 2022). statistic alerts) please log in with your personal account. The investment will create at least 3,000 new jobs in machine learning, artificial intelligence, software engineering, and other cutting-edge fields. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. In addition, users have access to world-class music experts, tastemakers, and artist-led programs from globally celebrated creators including Virgil Abloh, Billie Eilish, Elton John, Pharrell, and more. The Americas segment includes North and South America. Budget Deficit: Causes, Effects, and Prevention Strategies, Apple becomes first U.S. company to reach a $2 trillion market cap, Monthly Budget Review: Summary for Fiscal Year 2020. Apples five software platforms iOS, iPadOS, macOS, watchOS, and tvOS provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. ", Yahoo Finance. It also exceeds the total value of stocks on most exchanges worldwide. Apples China team warned Mr. Cook that China could shut down iCloud in the country if it did not comply with the new cybersecurity law. Mr. Cook approved the decision, according to two people with knowledge of the matter who spoke on the condition of anonymity. 2023 You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. Apple's own filings suggest the next MacBook Air is coming sooner than you may think. Behind the scenes, Apple has constructed a bureaucracy that has become a powerful tool in Chinas vast censorship operation. Those companies are Foxconn and Pegatron, both of which are based in Taiwan. For the quarter, Apple reported $81.43 billion in revenue, up 36 percent. Jobs resigned from Apple in 1985 and the company saw a gradual decline over the 1990s, as it struggled to compete with Microsoft on software and Windows manufacturers on hardware sales. Despite the pressures of the pandemic, healthcare institutions dominate the America's Best Large Employers 2023 list. The past few product launches have been smaller in scope, like the HomePod and AirPod, and Apple fans are clamouring for the next iPhone. macOS, iOS, iPadOS, tvOS, watchOS, CarPlay, HomePod, Windows, Android, Chrome OS, Amazon Echo, Sonos, and web More Music & Audio App Data Clubhouse Revenue and Usage Statistics (2023) Apple said it fired Mr. Pham because of poor performance. Apple does not disclose such takedowns in its statistics. It has also built out its subscription services to include music and video streaming, video games, fitness and cloud storage. There are just under 150 million active iPhone units in the United States, making Apple by far the most popular smartphone manufacturer and ahead of all Android device manufacturers combined. Apple's CEO Tim Cook is estimated to have a net worth of $1 billion. With iPhone and iPad sales not likely to see much significant movement, Apple sees services as a way to continue growing. Apples five software platforms iOS, iPadOS, macOS, watchOS, and tvOS provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. The rethink resulted in Apple launching its online store in 1997 while the first two physical retail stores opened in Tysons, Virginia and Glendale, California on May 19, 2001. Apple believes that gives it a legal shield from American law, according to a person who helped create the arrangement. Two weeks later, the board said Mr. Guo belonged on Apples China blacklist. You can email the site owner to let them know you were blocked. Today, the App Store supports more than 2.1 million US jobs across all 50 states. Apple envisioned the tablet as a bridge between the smartphone and laptop, with the capabilities to be both. daily and featuring the latest statistics from the media, Raymond Zhong reported from Guiyang. Revenue for iPad has remained in the $20 to $30 billion revenue range since launch, with the launch of the iPad Mini in 2013 still the peak year. For Apple, China is not only a market with a strong iPhone user base but also the manufacturing hub of iPhones. It was bad news for Apple, which had staked its reputation on keeping customers data safe. [1] The estimated total world production of apples in 2017 was 83,139,326 metric tonnes, down 2.4% from 85,204,410 tonnes in 2016. By 2004, Apple's new retail model raked in $1 billion in sales. The discrepancy between Apples disclosures and the Times analysis is in part because Apple is removing apps before Chinas internet censors even complain. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. The quarterly periods for Apple's fiscal year include the following: early October to late December of the previous year (first quarter), early January to late March of the stated year (second quarter), early April to late June of the stated year (3rd quarter) and early July to late September of the stated year (4th quarter). and displayed without charge by all commercial and Cloudflare Ray ID: 7a2c58c3ccac82f6 Apple is one of the most produced fruits in the world. In second place were Asian exporters at 25.3% while another 12.6% of international apple sales originated from North America. More than 35,000 of those apps were games, which in China must get approval from regulators. A trillionaire is an individual with a net worth of more than one trillion in U.S. dollars or another similarly valued currency. Apple Inc. leads all public companies with a $2.08 trillion market cap. All values afterwards are estimatesSources: Apple, Canalys, IDC, Strategy Analytics. !function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement("script");o.async=1,o.id=n,o.src="https://e.infogram.com/js/dist/embed-loader-min.js",d.parentNode.insertBefore(o,d)}}(document,0,"infogram-async"); Apple has always been most successful in the United States, its home country. The action you just performed triggered the security solution. We estimate AirPods is a $10 billion business on its own, with Apple Watch also potentially contributing between $14 billion to $18 billion a year. dollars)." Documents reviewed by The Times do not show that the Chinese government has gained access to the data. 2. Part of that effort was new research and development centers in China. Apples situation in China is looking dicey. Apple has tried to expand its chain of contracted manufacturers to other Asian countries such as . Apple said it designed the iCloud security in such a way that only Apple has control of the encryption keys.. Apple also planned to use low-cost hardware originally designed for the Apple TV. Apple also continues to support jobs in the innovative iOS app economy, which facilitated $138 billion of commerce in 2019 in the US alone. ", Federal Reserve Bank of St. Louis. Wearable, Home and Accessories revenue Apple generated $41.1 billion revenue from this segment in 2022. Yet a Times analysis of Chinese app data suggests those disclosures represent a fraction of the apps that Apple has blocked in China. "List of Stock Markets. In early 2018, Guo Wengui, an exiled Chinese billionaire, was spending much of his time in Manhattan trying to broadcast his claims of corruption inside the Communist Party. Apple plans to make new contributions of more than $430 billion in the US and add 20,000 jobs across the country over the next five years. The Apple data center in Guiyang as seen in a satellite image. Apple still appears to provide far more data to U.S. law enforcement. The latest news and updates, direct from Apple. Now it has to answer to the Chinese government. You need a Statista Account for unlimited access. 28 May 2014 - Apple announces the purchase of Beats for around US$ 3 Billion. Source: Company data. At this moment of recovery and rebuilding, Apple is doubling down on our commitment to US innovation and manufacturing with a generational investment reaching communities across all 50 states, said Tim Cook, Apples CEO. But to stay on the right side of Chinese regulators, his company has put the data of its Chinese customers at risk and has aided government censorship in the Chinese version of its App Store. As a subscriber, you have 10 gift articles to give each month. Data journalist covering technological, societal and media topics, Fox Unlikely To Settle With Dominion Over Election Lies As High-Stakes Trial Nears, Experts Say, Murdaugh Gets Consecutive Life Sentences For Murdering Wife And Son, Everything You Need To Know About Mad Cow Disease After Brazil Confirms Infection, Walgreens Wont Sell Abortion Pills In These StatesEven Though Abortion Is Legal There, iPhone Maker Foxconn Reportedly Expands In India Amid Claims Apple Wants To Bolster Manufacturing There, Thursday, March 2. There was little sign of its purpose, apart from the flags of Apple and China flying out front, side by side. Even though Apple device sales have stagnated in the past few years, it has added more active iPhone users every year. Since major Western countries have higher GDP per capita than most Asia-Pacific regions, premium consumer tech companies such as Apple report substantial sales in these countries. They offer an extensive inside look many aspects of which have never been reported before at how Apple has given in to escalating demands from the Chinese authorities. As of May 2021, there are 271 Apple Stores around the U.S. while China (including Hong Kong and Macau) has the second highest total with 50. The Apple Store has been credited as serving as a form of temple for Apple and dramatically elevating its brand profile over the past two decades. But today, Apple is facing stagnation in its own market. In line with the current White House. Please note that the code must be integrated into the HTML code (not only the text) for WordPress pages and other CMS sites. Yes, Statista allows the easy integration of many infographics on other websites. The Apple data center in Guiyang as seen in a satellite image. In the US and Europe, Apple has reached a saturation point. As a Premium user you get access to the detailed source references and background information about this statistic. Dec 20, 2022. Apple. Apple recently required its Chinese customers to accept new iCloud terms and conditions that list GCBD as the service provider and Apple as an additional party. Apple told customers the change was to improve iCloud services in China mainland and comply with Chinese regulations., The terms and conditions included a new provision that does not appear in other countries: Apple and GCBD will have access to all data that you store on this service and can share that data between each other under applicable law.. please visit our agency website, Your contact to the Infographics Newsroom, Find your information in our database containing over 20,000 reports, Our infographics team prepares current information in a clear and understandable format, Relevant facts covering media, economy, e-commerce, and FMCG topics, Use our newsletter overview to manage the topics that you have subscribed to. A total of 5.3 million Mac computers were sold during Q4 2018. In fact, only seven countries in the world have a higher GDP than Apple's market cap. Apple Music offers more than 60 million songsandlocally curated playlists including Africa Now, Afrobeats Hits, and more. All Rights Reserved. Apple saw double-digit year-on-year growth in iPhone revenue from 2008 to 2015, but revenues stagnated for the five years afterwards. About half of all iPhone users actively use Apple Pay, according to Loup Ventures. Since it launched in 2015, Apple Watch has led the smartwatch market with over 50% market share. Need infographics, animated videos, presentations, data research or social media charts? At the time, the country was starting to pass laws that gave the government greater leverage over Apple. Apple said it had removed his iPhone app in China because it had determined it was illegal there. Our comprehensive Apple Report covers all of the companys financials, with in-depth breakdowns of each of its five business segments: iPhone, iPad, Mac, Wearables, and Services. People may receive compensation for some links to products and services on this website. Mr. Cook has made frequent, statesmanlike visits to China. He earns approximately $15 million per year in salary and bonuses.. Yet thats an aspect of their new agreement MLS and Apple have seemed to almost purposefully ignore. She suggested that the question be elevated to Apples executive review board, a group of executives who decide the trickiest App Store issues, including top deputies to Mr. Cook. China, including Hong and Macau, has the second highest number at 50 while the United Kingdom has the third highest amount at 38. Mr. Cook often talks about Apples commitment to civil liberties and privacy. Apple has improved the accuracy of its smart assistant year-on-year, according to Loup Ventures, which run yearly tests on all of the major mobile smart assistants. How many Apple stores are there in 2020? were updated less than a year before leaving the Chinese iOS store) and have not returned as of March 11, 2021. Apple saw an impressive 57% increase in iPad sales in 2020. The Chinese government was starting to pass laws that gave the country greater leverage over Apple, and Mr. Guthrie said he believed Mr. Xi would soon start seeking concessions. Instead of laying off full-time permanent employees, Apple has begun letting go of contractors. New Apple Music subscribers in the 52 additional countries can enjoy a six-month free trial of the service, with locally curated playlists including Africa Now, Afrobeats Hits, Ghana Bounce, and more. iPhone continues to be the main revenue generator, but its percentage has decreased in the past five years. In November 2016, China approved a law requiring that all personal information and important data that is collected in China be kept in China. Important people put their reputations on the line. Those events and the chain reaction they set off inside Apple were laid out in court documents last week in a wrongful-termination case against the company. The country has more than one billion potential users plus a cost-effective product manufacturing arena. Note: Apple stopped reporting Mac sales in Q4 2018. These services are provided by Green Dot Bank, member FDIC. Forbes. It has also introduced free software, Swift, to teach coding. In August 2018, Apple Inc. (AAPL) became the world's first company to record a market capitalization of $1 trillion and roughly two years later, became the first publicly traded U.S. company to surpass $2 trillion. As of March 15, 2021, Apple's market cap increased to $2.08 trillion. To put that staggering $2 trillion figure in context, we present five other huge things that the giant technology company is bigger than or comparable to in terms of value. The Apple iOS Shortcuts App it does what it says on the tin. We have a deep sense of responsibility to give back to our country and the people who help make our success possible.. In those three years, Apple's yearly sales grew from a little over $775,000 to $118 million. For Chinese authorities, this is no longer about, How much money are you pouring into China? This is about, What are you giving back? Mr. Guthrie said. Get full access to all features within our Business Solutions. Apple Card is available only in the U.S. Apple Card is issued by Goldman Sachs Bank USA, Salt Lake City Branch. The service can back up everything stored on an iPhone or Mac computer, and can reveal the current location of a users Apple devices. Apple plans to make new contributions of more than $430 billion in the US and add 20,000 jobs across the country over the next five years. A map of world apple producing regions in 2000 This is a list of countries by apple production in 2016 and 2017, based on data from the Food and Agriculture Organization Corporate Statistical Database. Apple Inc. All rights reserved. Six months later, Mr. Guo submitted his app again, with changes to elude Apples software. Apple iPhone 14: New Leak Claims A Surprise iPhone To Land In Days, Apple Loop: Disappointing iPhone 15 Pro News, Apples Expensive Battery Option, iPhone SE Returns. The nations with GDP figures immediately below $2.08 trillion are Italy, Brazil, and Canada., Moreover, the World Bank compiles GDP data for 263 countries, regions, or collections of countries with similar characteristics. According to Apples 2018 press release, the company contributed nearly $55 billion to the US economy and estimates it will contribute $350 billion more in the next five years. Some analysts see it as the most important segment of the company, potentially reaching $50 billion in profit by 2025. Performance & security by Cloudflare. The reality is that, globally, Apple is fighting on multiple fronts to stay at the top. Note: Apple stopped reporting iPhone sales in Q4 2018. Even though the PC market saw higher sales in 2020, for the past decade it has been in gradual decline. Jobs believed this required a transformation in the relationship with the customer who should be afforded more control over the presentation of the products. In addition to US developers, European developers also contribute App Store content. Apples $430 billion US investments include working with more than 9,000 suppliers and companies large and small in all 50 states. [n 1] Chinese state employees physically manage the computers. But for most of that information, Apple also has the digital keys to unlock that encryption. Congressional Research Service. YouTube, Apple, podcasting, Twitch | 10K views, 450 likes, 143 loves, 543 comments, 176 shares, Facebook Watch Videos from Congressman Matt Gaetz:. Apple continues to be a clean energy leader through its $4.7 billion Green Bond spend, with recent investments in solar and wind projects in Nevada, Illinois, and Virginia bringing clean energy and high-paying jobs to local communities across the country. The Rest of Asia Pacific segment includes Australia and Asian countries. Apple generates more than half of its revenue from products. Overview Apple is a company that designs, manufactures, and markets mobile communication and media devices. As of March 15, 2021, Microsoft's market cap was $1.8 trillion, which is approximately 87% of Apple's.. Apple abandoned the encryption technology it used elsewhere after China would not allow it. 9 September 2014 - Company launches wearable watch device - Apple Watch. iCloud needs influential friends in China.. It offers personal computers, portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. This figure exceeds the GDP of most countries. Sometimes, Mr. Shoemaker said, he was awakened in the middle of the night with demands from the Chinese government to remove an app. Apple is carbon neutral for all of its operations in the US and around the world, and last year committed to be 100 percent carbon neutral for its entire supply chain and products by 2030. Chart. A paid subscription is required for full access. Apples iCloud service allows customers to store some of their most sensitive data things like personal contacts, photos and emails in the companys data centers. However, it will take a long time until they come remotely close to matching the Apple Store empire. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. But he ultimately approved the plans to store customer data on Chinese servers and to aggressively censor apps, according to interviews with current and former Apple employees. Revenue of Apple by geographical region from the first quarter of 2012 to 4th quarter 2022 (in billion U.S. dollars) [Graph]. In an initial agreement between Apple and Chinese officials, the location of the keys was left intentionally vague, one person said. Shortly after Mr. Guo applied to the App Store, the Cyberspace Administration of China, the governments internet regulator, told Apple it wanted the app rejected. The Apple Store has been credited as serving as a form of temple for Apple and dramatically elevating its brand profile over the past two decades. 10 Best Apple Patents US6323846B1 is the most popular patent in the Apple portfolio. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. The iPhone maker is one of the few tech companies that has avoided significant layoffs. All values afterwards are estimates. As Apple grows its teams and operations in the US, the company is committed to doing so in an environmentally responsible manner with a focus on renewable energy and green innovation. The documents also show that Apple is using different encryption technology in China than elsewhere in the world, contradicting what Mr. Cook suggested in a 2018 interview. However, the challenges for Apple in the country are not like those in others. Sources: Apple, Canalys, CNBC, Gartner, Strategy Analytics. If the app appeared to mention the banned topics, he would remove it, but he would send more complicated cases to senior executives, including Mr. Next week marks 20 years of the Apple Store. Apple operates 512 retail stores in 22 countries. In 2022, it generated $394.3 billion in revenue. Marketplace | News & Insights | Data | Events, Tim Cook (CEO), Eddy Cue (SVP Services), Craig Federighi (SVP Software Engineering), Jeff Williams (COO), Apple generated $394.3 billion revenue in 2022, 52% came from iPhone sales, Apple Services is the second largest division, responsible for 19% of revenue in 2022, 232 million iPhones, 61 million iPads and 26 million Mac and MacBook units were sold in 2022, Apples home and wearables division grew 7.3% in 2022, It sold 82 million AirPods and 53 million Apple Watches in 2022, Apple Music has 88 million subscribers, Apple TV+ has over 75 million.
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